Fisker Inc. (NYSE: FSR) is 9.35% higher on its value in year-to-date trading and has touched a low of $8.70 and a high of $31.96 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FSR stock was last observed hovering at around $16.39 in the last trading session, with the day’s loss setting it -0.37% off its average median price target of $26.00 for the next 12 months. It is also 59.95% off the consensus price target high of $40.00 offered by 8 analysts, but current levels are 5.76% higher than the price target low of $17.00 for the same period.
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Currently trading at $16.02, the stock is -18.44% and -15.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.63 million and changing -2.26% at the moment leaves the stock 4.58% off its SMA200. FSR registered 58.46% gain for a year compared to 6-month gain of 12.42%. The firm has a 50-day simple moving average (SMA 50) of $20.83 and a 200-day simple moving average (SMA200) of $16.35.
The stock witnessed a -26.31% loss in the last 1 month and extending the period to 3 months gives it a 4.03%, and is -4.19% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.05% over the week and 7.49% over the month.
Distance from 52-week low is 84.14% and -49.87% from its 52-week high.
Fisker Inc. (FSR) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Fisker Inc. (FSR) is a “Overweight”. 8 analysts offering their recommendations for the stock have an average rating of 2.40, where 4 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Fisker Inc. quarterly earnings per share for the current quarter are estimated at -$0.19.The EPS is expected to shrink by -133.80% this year.
Fisker Inc. (FSR) Top Institutional Holders
149 institutions hold shares in Fisker Inc. (FSR), with 10.93M shares held by insiders accounting for 3.77% while institutional investors hold 39.86% of the company’s shares. The shares outstanding are 277.26M, and float is at 126.07M with Short Float at 16.54%. Institutions hold 38.36% of the Float.
The top institutional shareholder in the company is Apollo Management Holdings, L.P. with over 12.95 million shares valued at $189.66 million. The investor’s holdings represent 8.21% of the FSR Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 10.55 million shares valued at $154.61 million to account for 6.69% of the shares outstanding. The other top investors are Blackrock Inc. which holds 6.13 million shares representing 3.89% and valued at over $89.76 million, while Moore Capital Management, LP holds 2.27% of the shares totaling 3.58 million with a market value of $52.5 million.
Fisker Inc. (FSR) Insider Activity
The most recent transaction is an insider sale by Spartan Energy Acquisition Spo ,the company’s10% Owner. SEC filings show that Spartan Energy Acquisition Spo sold 1,250,000 shares of the company’s common stock on Mar 16 at a price of $21.75 per share for a total of $27.19 million. Following the sale, the insider now owns 14.98 million shares.
Fisker Inc. disclosed in a document filed with the SEC on Mar 15 that Spartan Energy Acquisition Spo (10% Owner) sold a total of 793,570 shares of the company’s common stock. The trade occurred on Mar 15 and was made at $22.63 per share for $17.96 million. Following the transaction, the insider now directly holds 14.99 million shares of the FSR stock.
Still, SEC filings show that on Mar 12, Spartan Energy Acquisition Spo (10% Owner) disposed off 830,776 shares at an average price of $23.17 for $19.25 million. The insider now directly holds 15,779,767 shares of Fisker Inc. (FSR).